Wednesday, November 07, 2012

VICTORY WILL BE BITTER SWEET

U.S. Futures Fall, Dollar Slips; Global Shares Gain After Obama Win

" World shares and gold rallied while the dollar fell and U.S. futures fell on Wednesday after President Barack Obama was re-elected for a second term, signaling no dramatic shift in U.S. economic policy."

Isn't this what the market wanted as it rose yesterday in anticipation of Obama victory? IMHO, was the victory ever in doubt with such a weak opponent?

This victory is a gift to the other party/s....there is nothing that can stop the deflationary debt deleveraging going on, it is not the 9th inning there, more like in the middle, most of the reductions in household debt have come from defaults on mortgages. A SPARK to set off a worse outcome would be...a RISE IN TAXATION, and a pronounced AUSTERITY move....not now...now is not the time for that. But with fiscal cliff talk...and now a TEFLON President with a mandate against "the rich" the JOB PRODUCERS....2013-2014 could turn mucho ugly, IMHO

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I have been writing about stocks and the market since the late 90's. My record of calling the last 2 , now maybe 3 bear markets stands. There is more to investing than just avoiding bear markets, but it sure doesn't hurt. I offer NO recommendation to buy or sell equities or trade any vehicle...I just offer my opinion for what it's worth. Consult with your financial advisor before taking any actions. this financial blog is for amusement only.